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Stock Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions Used | The following table summarizes the assumptions used in estimating the fair value of each stock option granted along with the weighted-average fair value of the stock options granted. Schedule of Assumptions Used
|  |  |  |  |  |  | Assumptions |
Grant Date |  | Plan |  | Weighted-Average Fair Value of Each Option |  |  | Expected Dividend Yield (1) |  |  | Underlying stock FMV |  |  | Weighted-Average Volatility |  |  | Weighted-Average Risk-Free Interest Rate |  |  | Weighted-Average Expected Life (years) |
December 2, 2022 |  | All Plans |  | $ | 1.48 |  |  |  | 5 | % |  | $ | 6.48 |  |  |  | 37.03 | % |  |  | 3.69 | % |  |  | 4.88 |
December 3, 2021 |  | All Plans |  | $ | 2.99 |  |  |  | 5 | % |  | $ | 8.62 |  |  |  | 36.50 | % |  |  | 1.15 | % |  |  | 5.31 |
(1) |  | Stock dividend
Schedule of Activity of Stock Option Plans | Activity of the stock option plans is summarized as follows: Schedule of Activity of Stock Option Plans
|  | Number of Class A Shares |  |  | Weighted Average Exercise Price |  |  | Number of Class C Shares |  |  | Weighted Average Exercise Price |
Outstanding at January 1, 2021 |  |  | 1,072,863 |  |  | $ | 4.12 |  |  |  | 662,666 |  |  | $ | 4.50 |
Adjustment for the effect of stock dividends |  |  | 47,594 |  |  |  |  |  |  |  | 33,136 |  |  |  |  |
Granted |  |  | 89,500 |  |  |  |  |  |  |  | 230,000 |  |  |  |  |
Exercised |  |  | (183,935 | ) |  |  |  |  |  |  | (104,656 | ) |  |  |  |
Cancelled |  |  | (1,671 | ) |  |  |  |  |  |  | - |  |  |  |  |
Outstanding at December 31, 2021 |  |  | 1,024,351 |  |  | $ | 4.38 |  |  |  | 821,146 |  |  | $ | 5.26 |
Adjustment for the effect of stock dividends |  |  | 47,780 |  |  |  |  |  |  |  | 41,057 |  |  |  |  |
Granted |  |  | 82,500 |  |  |  |  |  |  |  | 295,000 |  |  |  |  |
Exercised |  |  | (176,435 | ) |  |  |  |  |  |  | - |  |  |  |  |
Cancelled |  |  | (1,591 | ) |  |  |  |  |  |  | - |  |  |  |  |
Outstanding at December 31, 2022 |  |  | 976,605 |  |  | $ | 4.78 |  |  |  | 1,157,203 |  |  | $ | 5.59 |
Exercisable at end of year |  |  | 897,105 |  |  | $ | 4.63 |  |  |  | 862,203 |  |  | $ | 5.26 |
Available options for future grant |  |  | 132,313 |  |  |  |  |  |  |  | 795,000 |  |  |  |  |
Weighted average contractual term of options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
outstanding at December 31, 2022 |  |  | 4.72 years |  |  |  |  |  |  |  | 6.90 years |  |  |  |  |
Weighted average contractual term of options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
exercisable at December 31, 2022 |  |  | 4.26 years |  |  |  |  |  |  |  | 6.24 years |  |  |  |  |
Aggregated intrinsic value of options outstanding at December 31, 2022 (1) |  | $ | 2,460,755 |  |  |  |  |  |  | $ | 1,979,588 |  |  |  |  |
Aggregated intrinsic value of options exercisable at December 31, 2022 (1) |  | $ | 2,397,275 |  |  |  |  |  |  | $ | 1,758,488 |  |  |  |  |
(1) |  | The Company used a stock price of $7.30 as of December 31, 2022 to derive intrinsic value.
Schedule of Activity Restricted Stock Units | Activity of the RSUs is summarized as follows: Schedule of Activity Restricted Stock Units
|  | Number of Class A Shares |  |  | Weighted Average Grant Date Fair Value |
Non-vested at December 31, 2021 |  |  | - |  |  | $ | - |
Granted |  |  | 1,620 |  |  |  | 6.48 |
Vested |  |  | - |  |  |  |  |
Non-vested at December 31, 2022 |  |  | 1,620 |  |  | $ | 6.48 |
Available RSUs for future grant |  |  | 18,380 |  |  |  |  |
Aggregated intrinsic value of RSUs outstanding at December 31, 2022 (1) |  | $ | 1,328 |  |  |  |  |
(1) |  | The Company used a stock price of $7.30 as of December 31, 2022 to derive intrinsic value.

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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